The Company experienced a 22% increase in net sales through its sporting
goods and consumer sales channels in the fourth quarter. “We experienced
significant sales growth within some key accounts plus the Company
continues to add more accounts every quarter,” said Mace President and
CEO John J. McCann. Gross profit margins for the quarter improved
significantly through investments in automation and package redesign
that reduced material costs and improved productivity, while also
reducing direct labor. During the fourth quarter, Mace completed the
sale of its Surveillance business resulting in a $212,000 gain.

The above achievements contributed to Mace reporting net income for the
third consecutive quarter and net profit for all of 2016. “Our plan
continues to be to grow sales, gain market share, control expenses, and
further increase margins through cost reductions and improved
productivity,” Mr. McCann added.

Subsequent Events

On January 19, 2017 Mace announced it entered into an agreement in
principle to acquire all of the assets, rights and properties of
Washington Labs, LLC, a producer of high quality defense spray products
for an undisclosed amount of cash and stock. Upon closing, the
transaction will make Mace one of the largest manufacturers and
producers of less lethal defense sprays in the world. The company now
expects the transaction to close by March 31, 2017. “We look forward to
integrating a business that perfectly complements Mace, adding EPA
approved formulations, a portfolio of best-in-class products, and
increased automation in the production process.” said Mr. McCann.

Also on February 16, 2017, the Company enhanced its stock by listing to
trade on the OTCQX Best Market.

Chairman’s Letter on Mace.com Website

“I am pleased to see the Company continue to execute its business plan,
and posting another quarter of income and increased sales,” said Richard
Barone, Chairman.

Investors and interested parties are invited to read a letter from the
Company’s Chairman, Richard Barone. The letter can be found on the
Company’s website, http://corp.mace.com/investor-relations/
under financial reports and information.

Conference Call

Mace® will conduct a conference call on Wednesday, March 1, 2017
at 2:00 PM EDT, 11:00 AM PDT to discuss its financial and operational
performance for the quarter and year ended December 31, 2016. The
participant conference call number is (877) 719-8065, conference ID:
79653569. A full set of the audited consolidated financial statements
are available on the Mace website. Presentation materials for the
conference call will be available Wednesday, March 1, on Mace’s website
under Investor Relations, Shareholder Transcripts & Presentations. A
digital recording of the teleconference will be available on the Mace
website within 24 hours of the teleconference.

About Mace Security International, Inc.

Mace Security International Inc. is a globally recognized leader in
personal safety and security. Based in Cleveland, Ohio, the Company has
spent more than 40 years designing, manufacturing, and distributing
consumer and tactical products for personal defense and security under
its world-renowned Mace® Brand – the original trusted brand
of pepper spray products. The Company also offers aerosol defense sprays
and tactical products for law enforcement and security professionals
worldwide through its Mace® and Take Down®
brands.

Certain statements and information included in this press release
constitute “forward-looking statements” within the meaning of the
Federal Private Securities Litigation Reform Act of 1995. When used in
this press release, the words or phrases “will likely result,” “are
expected to,” “will continue,” “is anticipated,” “estimate,”
“projected,” “intend to” or similar expressions are intended to identify
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are subject to
certain risks, known and unknown, and uncertainties, including but not
limited to economic conditions, dependence on management, our ability to
compete with competitors, dilution to shareholders, and limited capital
resources.